home *** CD-ROM | disk | FTP | other *** search
- <text>
- <title>
- Niue (NZ): Economy
- </title>
- <article><hdr>The World Factbook 1993: Niue
- Economy</hdr><body>
- <p>Overview: The economy is heavily dependent on aid from New Zealand.
- Government expenditures regularly exceed revenues, with the shortfall
- made up by grants from New Zealand - the grants are used to pay wages
- to public employees. The agricultural sector consists mainly of
- subsistence gardening, although some cash crops are grown for export.
- Industry consists primarily of small factories to process passion
- fruit, lime oil, honey, and coconut cream. The sale of postage stamps
- to foreign collectors is an important source of revenue. The island
- in recent years has suffered a serious loss of population because of
- migration of Niueans to New Zealand.
- </p>
- <p>National product: GNP - exchange rate conversion - $2.1 million
- (1989 est.)
- </p>
- <p>National product real growth rate: NA%
- </p>
- <p>National product per capita: $1,000 (1989 est.)
- </p>
- <p>Inflation rate (consumer prices): 9.6% (1984)
- </p>
- <p>Unemployment rate: NA%
- </p>
- <p>Budget: revenues $5.5 million; expenditures $6.3 million, including
- capital expenditures of $NA (FY85 est.)
- </p>
- <list>
- <l>Exports: $175,274 (f.o.b., 1985)</l>
- <l> commodities: canned coconut cream, copra, honey, passion fruit
- products, pawpaw, root crops, limes, footballs, stamps,
- handicrafts</l>
- <l> partners: NZ 89%, Fiji, Cook Islands, Australia</l>
- <l>Imports: $3.8 million (c.i.f., 1985)</l>
- <l> commodities: food, live animals, manufactured goods, machinery,
- fuels, lubricants, chemicals, drugs</l>
- <l> partners: NZ 59%, Fiji 20%, Japan 13%, Western Samoa,
- Australia, US</l>
- </list>
- <p>External debt: $NA
- </p>
- <p>Industrial production: growth rate NA%
- </p>
- <p>Electricity: 1,500 kW capacity; 3 million kWh produced, 1,490 kWh
- per capita (1990)
- </p>
- <p>Industries: tourist, handicrafts, coconut products
- </p>
- <p>Agriculture: coconuts, passion fruit, honey, limes; subsistence
- crops - taro, yams, cassava (tapioca), sweet potatoes; pigs, poultry,
- beef cattle
- </p>
- <p>Economic aid: Western (non-US) countries, ODA and OOF bilateral
- commitments (1970-89), $62 million
- </p>
- <p>Currency: 1 New Zealand dollar (NZ$)=100 cents
- </p>
- <p>Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.9486
- (January 1993), 1.8584 (1992), 1.7265 (1991), 1.6750 (1990), 1.6711
- (1989), 1.5244 (1988)
- </p>
- <p>Fiscal year: 1 April-31 March
- </p></body></article></text>
-
-